INDIA : SMART CITY EYES RS 100-CR GRANT FROM WORLD BANK

Pune Smart City Development Corporation Limited (PSCDCL) is gunning for a Rs 100-crore grant from the World Bank on the basis of designing performance-based programmes for smart city. The central government has set criteria to disburse money, which include the proportion of smart city projects, their progress and execution, but PSCDCL is losing out on the progress criterion as its launched projects are moving at a snail's pace.

Speaking to Mirror, PSCDCL CEO Rajendra Jagtap said, "We have decided to take part in the fast-track round to get grants for Pune's smart city projects. There are three categories, which we need to fulfil. We are sure we are fulfilling all the mentioned criteria, except for some problems faced in the execution of projects and their progress. The World Bank will be giving Rs 100 crore for every city in every state that fulfils the criteria. In Maharashtra, we are quite ahead, compared to other cities in the state. So, we are confident of getting Rs 100 crore. Before I took charge as the CEO, there was a delay in floating tenders for the Smart City company. Therefore, there has been a little delay in execution and progress of the projects."

 

Source : http://punemirror.indiatimes.com/pune/civic/smart-city-eyes-rs-100-cr-grant-from-world-bank/articleshow/61583427.cms

SMART GRID Bulletin November 2017


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